Arizona Silver Exploration continues the hunt for large, high-grade targets at its projects in the US state
- Arizona Silver Exploration nabs final two remaining claims at its Philadelphia gold-silver project in Arizona
- Arizona Silver Exploration expands stake at Philadelphia claim by picking up 200 more acres
Quick facts: Arizona Silver Exploration Inc.
Price: 0.175 CAD
Market Cap: $10.13 m
About the company
Arizona Silver Exploration is a publicly traded company engaged in junior mining exploration primarily in the western United States.
Its Philadelphia Property is a high-grade gold and silver vein target located in Mohave County, northwestern Arizona.
The 100% owned Sycamore Canyon Project has reported good gold and silver values from handheld drill cores in mineralized breccia. The 100% owned Ramsey Silver Project has historic high-grade production. All holes drilled at Ramsey by Arizona Silver Exploration have hit a thick zone of “disseminated silver”.
How it is doing
Arizona Silver Exploration Inc announced it has acquired the two remaining claims at the Philadelphia project in Arizona.
The junior explorer said it had negotiated a long-term lease on the Resaca and Rising Fawn claims that cover a “significant” portion of the vein mineralization along the Arabian Fault.
With the lease agreement in hand, Arizona Silver now controls over three kilometres of strike length along the prosperous fault and associated vein exposures.
Most of the mineralized structure is undrilled, according to Arizona Silver. The company’s limited drilling has returned high-grade gold-silver mineralization both to the immediate north and south of the new claims.
Arizona Silver Exploration Inc has picked up more claims around its Philadelphia project in Mohave County after recent high-grade drilling results highlighted the potential of the wider property.
The Vancouver-based company added another 10 lode mining claims, comprising 200 acres, around the project.
Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) announced it had uncovered a new high-grade gold-silver vein within a thick mineralized zone on the Perry vein at its Philadelphia property in Arizona.
The company said that drilling intersected “thick” zones of gold-silver mineralization in all 15 holes drilled at the property.
What management says
Arizona Silver Exploration CEO Mike Stark joined Steve Darling from Proactive to share news the company has staked an additional 10 lode mining claims, about 200 acres, at their Philadelphia project in Arizona.
Stark telling Proactive, the positive results from drilling at the Perry Claim prompted this move and will set them up if they end up having a future open-pit scenario.
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